Samantha Recently Applied for a Microloan from the SB A Several

question 3

Multiple Choice

Samantha recently applied for a microloan from the SB A.Although several criteria are important,the Small Business Administration's decision to grant or deny the loan will largely depend upon

• A)her credit history and the collateral she can offer.
• B)her age,since microloans are only available to senior citizens.
• C)her previous record of business success.
• D)the soundness of her business plan,and her integrity.

---

Definitions:

Oligopolistic Firms

are companies operating in a market structure characterized by a small number of firms controlling a large market share, leading to limited competition.

Rival Firms

Companies that compete against one another in the same market for consumers or resources.

ATC

Average Total Cost, which is the total cost of production divided by the total quantity produced, indicating the average cost per unit.

Territorial Division

The division or partitioning of land or space into separate areas, often for administrative or legal purposes.